North Star Asset Management Inc. Sells 1,117 Shares of U.S. Bancorp (NYSE:USB)

North Star Asset Management Inc. lowered its stake in U.S. Bancorp (NYSE:USB) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,512 shares of the financial services provider’s stock after selling 1,117 shares during the quarter. North Star Asset Management Inc.’s holdings in U.S. Bancorp were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of USB. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp during the third quarter worth $30,000. Finally, Naples Money Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at $30,000. 77.60% of the stock is owned by institutional investors.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $49.00 in a research note on Friday, March 22nd. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Morgan Stanley raised their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $46.14.

U.S. Bancorp Stock Up 0.9 %

NYSE USB traded up $0.35 during trading hours on Monday, reaching $40.80. 1,652,765 shares of the company’s stock traded hands, compared to its average volume of 8,743,567. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The firm has a 50-day simple moving average of $42.32 and a 200 day simple moving average of $39.90. The firm has a market cap of $63.57 billion, a PE ratio of 13.35, a PEG ratio of 2.10 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.80%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.